International Business Timeshttp://www.ibtimes.com
enRep. Michael Grimm, R-NY, To Resign After Guilty Plea In Felony Case: Reporthttp://www.ibtimes.com/rep-michael-grimm-r-ny-resign-after-guilty-plea-felony-case-report-1769356
Rep. Michael Grimm, R-N.Y., has decided to resign his Congressional seat in the wake of pleading guilty to a felony tax evasion charge, the New York Daily News reported late Monday.http://www.ibtimes.com/rep-michael-grimm-r-ny-resign-after-guilty-plea-felony-case-report-1769356Mon, 29 Dec 2014 21:30:17 -0500Oil Sands Investment In Alberta, Canada, Expected To Surge In Next 24 Years - Studyhttp://www.ibtimes.com/oil-sands-investment-alberta-canada-expected-surge-next-24-years-study-1722067
In the next 24 years investors will pour 514 billion Canadian dollars ($454 billion U.S.) into Alberta oil sands projects, the Canadian Energy Research Institute predicted Tuesday. Those investments are expected to produce revenue of CA$2.48 trillion.http://www.ibtimes.com/oil-sands-investment-alberta-canada-expected-surge-next-24-years-study-1722067Tue, 11 Nov 2014 16:50:52 -0500Moody's Downgrades Russia's Sovereign Debt Rating, Outlook Remains Negativehttp://www.ibtimes.com/moodys-downgrades-russias-sovereign-debt-rating-outlook-remains-negative-1707291
Capital flight, plummeting oil prices and dimming economic prospects caused one of the world's biggest credit ratings agencies Friday to downgrade Russia's sovereign debt by two notches. Moody's chopped the nation's credit ratings to Baa2, which is two notches above "junk" status.
The agency cited two factors in its decision, the first of which is economic. "Russia's increasingly subdued medium-term growth prospects, exacerbated by the prolongation of the Ukraine crisis, including through the impact of expanded international sanctions," it said.http://www.ibtimes.com/moodys-downgrades-russias-sovereign-debt-rating-outlook-remains-negative-1707291Fri, 17 Oct 2014 20:26:04 -0400Alibaba IPO: Everything You Need To Know About What Is Expected To Be Largest IPOhttp://www.ibtimes.com/alibaba-ipo-everything-you-need-know-about-what-expected-be-largest-ipo-1692002
The initial public offering of Alibaba Group Holding Ltd., a once-obscure Chinese e-commerce site turned into global rival of Amazon.com Inc. and eBay Inc., rocketed into financial history Friday on the New York Stock Exchange as the largest IPO in history.
Here are seven things to know about the Alibaba (NYSE:BABA) IPO:
1. Jack Ma is expected to gross at least $867 million in the IPO.
2. Only 320 million shares, or 13 percent of the company's capital, are being offered in the IPO.http://www.ibtimes.com/alibaba-ipo-everything-you-need-know-about-what-expected-be-largest-ipo-1692002Fri, 19 Sep 2014 12:24:06 -0400Starbucks Q2 Earnings Up More Than Expected After Its Higher Prices Offset Costlier Coffee Beanshttp://www.ibtimes.com/starbucks-q2-earnings-more-expected-after-its-higher-prices-offset-costlier-coffee-beans-1638476
That extra dime you paid for a tall cup of Pike Place Roast helped Starbucks Corp. (NASDAQ:SBUX) book a higher-than-expected second-quarter profit. The Seattle company on Thursday also raised the low end of its third-quarter earnings per share estimate.
Starbucks, which raised its cafe prices nearly 1 percent and the prices of its grocery store coffee by 8 percent, said revenue in the three months ended June 29 jumped 11 percent and earnings per share surged 22 percent to a record high.http://www.ibtimes.com/starbucks-q2-earnings-more-expected-after-its-higher-prices-offset-costlier-coffee-beans-1638476Thu, 24 Jul 2014 17:18:39 -0400Ukraine Scrambles Fighter Jets Against Pro-Russian Separatist Rebels As They Resume Deadly Missile Attackshttp://www.ibtimes.com/ukraine-scrambles-fighter-jets-against-pro-russian-separatist-rebels-they-resume-deadly-1626352
Keiv -- Ukraine scrambled jet fighters to strike at rebel positions early on Saturday, after separatists resumed missile attacks on government forces near the frontier with Russia, the border guard service said.
In a night of violence in several areas of eastern Ukraine following a missile strike by separatists on Friday that killed at least 23 government servicemen, Ukrainian forces also used artillery to respond to rebel fire, the military said.http://www.ibtimes.com/ukraine-scrambles-fighter-jets-against-pro-russian-separatist-rebels-they-resume-deadly-1626352Sat, 12 Jul 2014 09:29:39 -0400Al-Jazeera Journalist Peter Greste, Sentenced To Prison By Egyptian Government, Is An Award-Winning International Journalisthttp://www.ibtimes.com/al-jazeera-journalist-peter-greste-sentenced-prison-egyptian-government-award-winning-1608754
Peter Greste, one of three Al-Jazeera reporters sentenced Monday by an Egyptian court to seven years in prison for allegedly aiding the Muslim Brotherhood, is an award-winning journalist whose extensive international experience includes work in Europe, Asia and Africa.
Greste, who holds dual Australian and Latvian citizenship, won a Peabody Award in 2011 for a documentary on Somalia. http://www.ibtimes.com/al-jazeera-journalist-peter-greste-sentenced-prison-egyptian-government-award-winning-1608754Mon, 23 Jun 2014 08:23:23 -0400Ayatollah Ali Sistani, Iraq's Highest-Ranking Shia Cleric, Issues Fatwa For Shias To Fight ISIShttp://www.ibtimes.com/ayatollah-ali-sistani-iraqs-highest-ranking-shia-cleric-issues-fatwa-shias-fight-isis-1600394
Iraq's highest-ranking Shia cleric, Grand Ayatollah Ali Sistani, has issued a religious summons to the nation's Shia Muslims to help defend the nation against the Sunni-led Islamic State of Iraq and Syria (ISIS), the New York Times reported Friday.http://www.ibtimes.com/ayatollah-ali-sistani-iraqs-highest-ranking-shia-cleric-issues-fatwa-shias-fight-isis-1600394Fri, 13 Jun 2014 08:23:02 -0400Amaya Gaming To Pay $4.9B For Owner Of World's Largest Poker Business, Plus PokerStars, Full Tilt Poker Brandshttp://www.ibtimes.com/amaya-gaming-pay-49b-owner-worlds-largest-poker-business-plus-pokerstars-full-tilt-poker-1600338
Gambling equipment maker Amaya Gaming Group Inc. (CVE:AYA) will pay $4.9 billion in cash to buy the world's largest poker business and owner of the PokerStars and Full Tilt Poker brands, to create the world's largest online gambling company.
To help finance Amaya's deal to buy privately held Oldford Group Ltd., parent of Rational Group Ltd., said late Thursday it has arranged financing from a unit of the Blackstone Group LP (NYSE:BX). Amaya also will issue common shares and preferred shares to help pay for the acquisition.http://www.ibtimes.com/amaya-gaming-pay-49b-owner-worlds-largest-poker-business-plus-pokerstars-full-tilt-poker-1600338Fri, 13 Jun 2014 07:58:05 -0400Bowe Bergdahl Back In US, Expected To Be Reunited With His Parents At San Antonio Medical Facilityhttp://www.ibtimes.com/bowe-bergdahl-back-us-expected-be-reunited-his-parents-san-antonio-medical-facility-1600320
U.S. Army Sgt. Bowe Bergdahl, who endured five years of captivity by the Taliban before being released in a controversial prisoner exchange on May 31, arrived early Friday at Brooke Army Medical Center in San Antonio, the Army said.http://www.ibtimes.com/bowe-bergdahl-back-us-expected-be-reunited-his-parents-san-antonio-medical-facility-1600320Fri, 13 Jun 2014 07:12:46 -0400